[Infographic] Bunker Prices Crumble Amid COVID Pandemic

The average price paid for bunkers in major ports over the first nine months of 2020 has fallen 10% compared to the same period in 2019, reports Ship & Bunker.

Bunker costs climb high

The average price for IFO380 in Ship & Bunker’s Global Top 20 Port Port index (G20) for January to September 2019 was $421/mt.

With the introduction of the IMO 2020 rule on January 1 meaning the majority of vessels switched to lifting max 0.50%S product, the average G20 VLSFO price over the first nine months...

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